| Schedule of Segment Reporting |
The
following table presents revenue, significant expenses, and segment EBITDA for the Company’s reportable segments, together with
a reconciliation to consolidated net loss before income taxes for the three and six months ended June 30, 2026 and 2025:
Schedule
of Segment Reporting
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For the Three Months Ended | | |
For the Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
| | |
| | |
| | |
| |
| U.S. operations segment sales | |
$ | 4,458,271 | | |
$ | 3,274,946 | | |
$ | 7,065,066 | | |
$ | 6,445,809 | |
| Latin American operations segment cost of goods sold | |
$ | 3,943,024 | | |
$ | 1,883,021 | | |
$ | 5,339,766 | | |
$ | 3,464,887 | |
| | |
| | | |
| | | |
| | | |
| | |
| U.S. operations segment cost of goods sold | |
| 169,405 | | |
| 704,887 | | |
| 770,797 | | |
| 1,563,839 | |
| U.S. operations segment expenses: | |
| | | |
| | | |
| | | |
| | |
| General and administrative | |
| 1,069,116 | | |
| 539,941 | | |
| 1,541,052 | | |
| 1,052,347 | |
| Salaries and wages | |
| 364,989 | | |
| 266,570 | | |
| 729,479 | | |
| 503,591 | |
| Professional fees | |
| 216,172 | | |
| 276,588 | | |
| 414,846 | | |
| 443,210 | |
| Total U.S. operating expenses | |
$ | 1,650,277 | | |
$ | 1,083,099 | | |
$ | 2,685,377 | | |
$ | 1,999,148 | |
| Other income | |
| 29,768 | | |
| - | | |
| 29,768 | | |
| - | |
| U.S. operations segment EBITDA | |
$ | 2,688,357 | | |
$ | 1,486,960 | | |
$ | 3,638,660 | | |
$ | 2,882,822 | |
| | |
| | | |
| | | |
| | | |
| | |
| Latin American operations segment cost of goods sold | |
$ | 3,943,024 | | |
$ | 1,883,021 | | |
$ | 5,339,766 | | |
$ | 3,464,887 | |
| Latin American operations segment expenses: | |
| | | |
| | | |
| | | |
| | |
| General and administrative | |
| 601,596 | | |
| 496,020 | | |
| 1,222,423 | | |
| 610,125 | |
| Salaries and wages | |
| 105,108 | | |
| 92,522 | | |
| 200,790 | | |
| 165,718 | |
| Professional fees | |
| 32,224 | | |
| 46,474 | | |
| 57,593 | | |
| 114,886 | |
| Total Latin American operating expenses | |
| 738,928 | | |
| 635,016 | | |
| 1,480,806 | | |
| 890,729 | |
| Operating expenses | |
| 738,928 | | |
| 635,016 | | |
| 1,480,806 | | |
| 890,729 | |
| Latin American operations segment EBITDA | |
$ | (4,681,952 | ) | |
| (2,518,037 | ) | |
$ | (6,820,572 | ) | |
$ | (4,355,616 | ) |
| Consolidated EBITDA | |
$ | (2,013,595 | ) | |
| (1,031,077 | ) | |
$ | (3,181,912 | ) | |
$ | (1,472,794 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Reconciliation of net earnings before income tax expense: | |
| | | |
| | | |
| | | |
| | |
| Consolidated EBITDA | |
$ | (2,013,595 | ) | |
$ | (1,031,077 | ) | |
$ | (3,181,912 | ) | |
$ | (1,472,794 | ) |
| EBITDA | |
$ | (2,013,595 | ) | |
$ | (1,031,077 | ) | |
$ | (3,181,912 | ) | |
$ | (1,472,794 | ) |
| Depreciation and amortization expense | |
| (249,017 | ) | |
| (200,494 | ) | |
| (457,018 | ) | |
| (399,924 | ) |
| Interest income | |
| 59 | | |
| 6,600 | | |
| 1,808 | | |
| 11,736 | |
| Interest expense | |
| (184,551 | ) | |
| (301,112 | ) | |
| (359,454 | ) | |
| (579,459 | ) |
| Stock compensation expense | |
| (272,932 | ) | |
| (77,073 | ) | |
| (515,744 | ) | |
| (81,097 | ) |
|